This article will be updated throughout the day, so check back often for more daily updates. President Trump alarmed investors last week when he threatened to impose a 50% tariff on imports from the European Union as early as June 1.

The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the rally seen in the previous session.

U.S. futures have turned sharply higher and Asian shares mostly fell after U.S. President Donald Trump said he would delay a threatened 50% tariff on goods from the European Union to July 9 from June

U.S. stocks drifted lower on Wednesday, cooling down a day after leaping within a few good days' worth of gains from their all-time high.

Trump’s tariffs and the trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

US stock markets surged Tuesday, fuelled by tech gains and easing Treasury yields, following a US-EU trade truce that calmed tariff escalation fears.

The S&P 500 and Nasdaq Composite each edged up 0.3%, while the Dow Jones Industrial Average gained 101 points, or 0.2%, building modestly on Tuesday’s sharp rally

Wall Street is climbing as the roller-coaster ride created by President Donald Trump’s trade policies whips back upward, this time because of a temporary pause for tariffs on the European Union. The S&P 500 was 1.